FAQ's

You are only allowed to close a position (trade) during trading hours. In weekends and holidays the market will be closed. Also, sometimes you might find it difficult to close your trades in an extremely volatile or illiquid market environment.

CFD trading carries a high level of risk, which may lead to unfavorable financial outcomes for you, especially if you don’t fully understand financial products and how they work. It is your responsibility to get familiar with our products and the risks involved before you start trading with us. We recommend not using our services unless you fully understand the financial products, the benefits and the risks associated with them.

A Trailing Stop Order is designed to protect your profits by keeping your position open as long as the market is moving in your favor. In the event when the market reverses on your position, the trade will close at a pre-determined price and you will lock in your gains.

A Pip or (Price interest point) is the measurement of the smallest unit to change in a financial instrument’s price. For example: If GBP/USD moves from 1.2050 to 1.2051, that 0.0001 USD rise is 1 pip.

FinPros offers 4 different trading accounts for different trading styles and levels. Edge, Raw+, Vantage and Beginners. The Beginners account type has the lowest amount required to start trading, which is $100. For an easy comparison between the accounts, please click on the following link FinPros Accounts.

If your equity falls below the maintenance margin amount, FinPros will make a Margin Call and close your open positions. It is the customer’s responsibility to monitor their open position(s) at all times and ensure that they have sufficient funds in their account, to avoid any Margin Call.

A Stop Limit Order allows you to protect your profit by setting a specific price at which your position will close.

A Stop Loss Order helps you to manage risk by minimizing your loss, in case the market moves against you. You can set a Stop Loss Order by double-clicking on any open position → switch the order type to “Modify Position” → set the price that you wish to stop out at → and click on.

Once the market reaches your price, the Stop Order will be triggered and your position will be automatically closed.

Whenever you want to open a position at a specific price, you set an Order. To open an order on the MT5, double-click on the instrument of your choice → Switch the order type from “Instant Execution” to “Pending Order”. Set the price, the size, etc. of your choice and whenever you are ready click on “Place”.

The order will automatically open a position once the market reaches the requested price.

Leverage is a tool that multiplies your exposure to a financial instrument, without having the full amount of necessary capital. For example, you can buy 1 lot (€100,000 worth) of EUR/USD by just having $1,000 as a capital. Therefore, when using leverage, any small change in the price of the CFD is amplified into a bigger fluctuation in increased returns/losses.

Trades can be closed by either a margin call, manual closure, or automatic execution of a predefined Stop Order.

The most important benefit of CFD trading is access to a huge range of markets with leverage. Leverage allows customers to trade the instrument of their choice without the need for large amounts of capital in their account.

A CFD or Contract for Difference is a product that allows you to trade in the financial markets without having to own the underlying trading instrument.

When you trade a CFD, you are entering into a trade at a particular price and you are agreeing to exchange the difference in the entry price and the price of the CFD when the position is closed. The difference is settled in cash (whether it’s a profit or a loss).

The forex market is open 24/5 from Monday to Friday in different parts of the world, due to different international time zones.
The stock market, however, is only available to trade when the stock exchange in a particular country is open. For example, trading hours for the U.S. stock market are from 9:30 am to 4 pm (New York time).

Setting a Trailing Stop Order is exactly the same as a basic Stop Order. Double-click on any open position → Set your Stop Loss. The only difference is that in the case of a trailing stop, your position is already in profits and you are protecting some of your profits in case the market reversed on you.

On the MT5 platform, double-click on the instrument you wish to trade from the “Market Watch” window, and then click Buy or Sell.

On the MT5 platform, double-click on a trade that is currently open, a pop-up will appear and then click on the “Close Position” yellow button. Also, you have the option to partially close your position and keep the rest open.

If you want to get a report of your trades, profits and losses, etc.

Login to your FinPros account, click on “Trading Accounts” → “Account Activity”

Customers should make sure that they have enough funds in their trading account to maintain their positions.

No, the “Margin Call” feature prevents our clients from losing more than the funds they have in their account.

There are no restrictions to any trading strategy.